Seven Charged in Albania Over Cross-Border Forex Investment Fraud

Albanian prosecutors have formally charged seven individuals in connection with an alleged cross-border forex investment fraud that targeted foreign nationals, primarily Italian citizens, through an organized call-center operation.

According to the investigation concluded, the defendants worked in coordination through a company identified as ‘OZAR sh.p.k’., using scripted phone solicitations and digital messaging platforms to promote fictitious forex investment opportunities. The case was initiated because the police was looking into suspicious forex-related activities involving both licensed and unlicensed entities.

Prosecutors allege that the group systematically contacted foreign individuals, presenting themselves as investment representatives and persuading victims to transfer funds under the promise of high returns. Evidence obtained from seized mobile devices showed extensive WhatsApp communications with individuals registered under Italian identities, including requests for identity documents and repeated payment instructions framed as investment requirements or contractual penalties.

In one documented instance, an Italian national transferred €8,700 after signing an agreement requiring a significantly larger investment. Subsequent communications indicate that the victim later questioned the legitimacy of the operation and was nonetheless pressured to send additional funds under the pretext of late-payment fees.

Authorities say the operation followed a consistent and deliberate pattern, with no intention of returning invested funds. Roles within the scheme were divided among participants, including client tracking, operator supervision, task assignment, technical support, and administrative oversight. Prosecutors noted that managerial failures also played a role, allowing the company’s infrastructure to be used for unlawful purposes.

As the investigation expanded, prosecutors separated part of the case into a new proceeding to examine aggravated fraud and potential money laundering offenses, including proceeds linked to additional victims. Albanian authorities are continuing to cooperate with foreign counterparts as the case develops.